Two-Family Residential Income
22 Scott St Woburn, MA 01801
22 Scott St, Woburn, MA, 01801
$849,000
For Sale
$849,000
Updated two-family property with two- and three-bedroom units, including screened and farmer’s porches.
Property Size2,454 SF
Price / SF$345.97
Days on Market83
Property Features for 22 Scott St
General Information
- Standard status
- Active
- Size
- 2,454 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
EDGE Realty Advisors
(617) 459-8902
Listed by
Josh Bryan
(617) 459-8902
Source
Lockandkeyre
Added: Apr 30 Updated: Jul 21 at 12:59AM Checked: Jul 21 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EDGE Realty Advisors
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two distinct residential units with separate layouts. The first-floor unit includes two bedrooms with original decorative marble fireplaces, an updated kitchen and bathroom, and a screened-in back porch. The second-floor unit features three bedrooms, a renovated kitchen and bathroom, and a transitional room suitable for use as a dining area or home office, along with a farmer’s porch. Additional space may be available through expansion into the walk-up attic for extra living space or storage.
The property is located in Woburn, described as being just steps from Woburn Center, with convenient access to Routes 93 and 128 and the Anderson Commuter Rail Station.
Reported major updates include heating, electrical, and plumbing (2015), kitchen updates (2019), and a newer roof (2022).
The property is located in Woburn, described as being just steps from Woburn Center, with convenient access to Routes 93 and 128 and the Anderson Commuter Rail Station.
Reported major updates include heating, electrical, and plumbing (2015), kitchen updates (2019), and a newer roof (2022).
Key Highlights
- Two‑family home built in 1900 with two- and three‑bedroom unit layouts
- First‑floor unit: 2 bedrooms with original decorative marble fireplaces, updated kitchen and bathroom, plus screened‑in back porch
- Second‑floor unit: 3 bedrooms, renovated kitchen and bathroom, plus transitional room for dining or home office and farmer’s porch
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.0k | $31.80 |
| − Vacancy | −$3.9k | −$1.57 |
| EGI | $74.2k | $30.23 |
| − OpEx | −$22.3k | −$9.07 |
| NOI | $51.9k | $21.16 |
2,454 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$741.8K
$649.1K – $865.5K
NOI $51,928 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$697.5K
$610.3K – $813.8K
NOI $48,826 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,693 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-family property with two- and three-bedroom units, including screened and farmer’s porches.
Where is this duplex located?
The property is located at 22 Scott St Woburn, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with two- and three‑bedroom unit layouts; First‑floor unit: 2 bedrooms with original decorative marble fireplaces, updated kitchen and bathroom, plus screened‑in back porch; Second‑floor unit: 3 bedrooms, renovated kitchen and bathroom, plus transitional room for dining or home office and farmer’s porch
